Turkey - Credit Rating

Standard & Poor's credit rating for Turkey stands at B with stable outlook. Moody's credit rating for Turkey was last set at B3 with stable outlook. Fitch's credit rating for Turkey was last reported at B with negative outlook. DBRS's credit rating for Turkey is BB (high) with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Turkey thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Turkey as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
S&P	B	Stable	Sep 30 2022
Moody's	B3	Stable	Aug 12 2022
Fitch	B	Negative	Jul 08 2022
Fitch	B+	Negative	Feb 12 2022
S&P	B+	Negative	Dec 10 2021
Fitch	BB-	Negative	Dec 02 2021
Fitch	BB-	Stable	Feb 19 2021
Moody's	B2	Negative	Sep 11 2020
Fitch	BB-	Negative	Aug 21 2020
Fitch	BB-	Stable	Nov 01 2019
Fitch	BB-	Negative	Jul 12 2019
Moody's	B1	Negative	Jun 14 2019
Moody's	Ba3	Negative	Aug 17 2018
S&P	B+	Stable	Aug 17 2018
Fitch	BB	Negative	Jul 13 2018
Moody's	Ba2	Under Review	Jun 01 2018
S&P	BB-	Stable	May 01 2018
Moody's	Ba2	Stable	Mar 07 2018
Moody's	Ba1	Negative	Mar 17 2017
S&P	BB	Negative	Jan 27 2017
Fitch	BB+	Stable	Jan 27 2017
S&P	BB	Stable	Nov 04 2016
Moody's	Ba1	Stable	Sep 23 2016
Fitch	BBB-	Negative	Aug 19 2016
DBRS	BB (high)	Negative	Jul 21 2016
S&P	BB	Negative	Jul 20 2016
Moody's	Baa3	Negative Watch	Jul 18 2016
S&P	BB+	Stable	May 06 2016
Moody's	Baa3	Negative	Apr 11 2014
S&P	BB+	Negative	Feb 07 2014
DBRS	BBB (low)	Stable	May 23 2013
Moody's	Baa3	Stable	May 16 2013
S&P	BB+	Stable	Mar 27 2013
Fitch	BBB-	Stable	Nov 05 2012
Moody's	Ba1	Positive	Jun 20 2012
S&P	BB	Stable	May 01 2012
Fitch	BB+	Stable	Nov 23 2011
Fitch	BB+	Positive	Nov 24 2010
Moody's	Ba2	Positive	Oct 05 2010
S&P	BB	Positive	Feb 19 2010
Moody's	Ba2	Stable	Jan 08 2010
Fitch	BB+	Stable	Dec 03 2009
Fitch	BB-	Positive Watch	Oct 27 2009
Moody's	Ba3	Positive	Sep 18 2009
S&P	BB-	Stable	Sep 17 2009
S&P	BB-	Negative	Nov 13 2008
S&P	BB-	Stable	Jul 31 2008
S&P	BB-	Negative	Apr 03 2008
Fitch	BB-	Stable	May 09 2007
S&P	BB-	Stable	Jun 27 2006
S&P	BB-	Positive	Jan 23 2006
Moody's	Ba3	Stable	Dec 14 2005
Fitch	BB-	Positive	Dec 06 2005
Moody's	B1	Positive	Feb 11 2005
Fitch	BB-	Stable	Jan 13 2005
Fitch	B+	Positive	Aug 25 2004
S&P	BB-	Stable	Aug 17 2004
S&P	B+	Positive	Mar 08 2004
Fitch	B+	Stable	Feb 09 2004
Moody's	B1	Stable	Oct 21 2003
S&P	B+	Stable	Oct 16 2003
Fitch	B	Positive	Sep 25 2003
Fitch	B-	Positive	Aug 06 2003
S&P	B	Stable	Jul 28 2003
Fitch	B-	Negative	Mar 25 2003
S&P	B-	Stable	Nov 07 2002
Moody's	B1	Negative	Jul 10 2002
S&P	B-	Negative	Jul 09 2002
S&P	B-	Stable	Jun 26 2002
Fitch	B	Stable	Feb 05 2002
S&P	B-	Positive	Jan 29 2002
Moody's	B1	Stable	Jan 15 2002
S&P	B-	Stable	Nov 30 2001
Fitch	B	Negative	Aug 02 2001
S&P	B-	Negative	Jul 11 2001
S&P	B-	Stable	Apr 27 2001
S&P	B-	Negative Watch	Apr 17 2001
Moody's	B1	Negative	Apr 06 2001
Fitch	B+	Negative Watch	Apr 02 2001
S&P	B	Negative Watch	Feb 23 2001
Fitch	BB-	Negative Watch	Feb 22 2001
Moody's	B1	Stable	Feb 21 2001
S&P	B+	Negative Watch	Feb 21 2001
S&P	B+	Stable	Dec 05 2000
Fitch	BB-	Stable	Sep 21 2000
Fitch	BB-	Stable	Sep 21 2000
Moody's	B1	Positive Watch	Jul 24 2000
Fitch	BB-	N/A	Apr 27 2000
S&P	B+	Positive	Apr 25 2000
Fitch	B+	Positive Watch	Apr 10 2000
S&P	B	Positive	Dec 10 1999
Moody's	B1	Positive	Nov 30 1999
S&P	B	Stable	Jan 21 1999
S&P	B	Positive	Aug 11 1998
Moody's	B1	Stable	Mar 13 1997
Moody's	Ba3	Negative Watch	Jan 09 1997
Fitch	B+	N/A	Dec 20 1996
S&P	B	Stable	Dec 13 1996
Fitch	BB-	Negative Watch	Jul 29 1996
S&P	B+	Negative Watch	Jul 17 1996